Sanchuan Wisdom plans to acquire 67% stake in Tianhe Permanent Magnet

Tianhe Permanent Magnet is a rare earth permanent magnet material developer. It integrates production, processing, scientific research, development and trade. It makes full use of the rich rare earth resources in southern Gansu, as well as various rare earth resources inside and outside the province and at home and abroad to vigorously develop circular economy and environmental protection. Economic, committed to the development and utilization of rare earth products. Recently, Sanchuan Wisdom plans to acquire Tianhe Permanent Magnet for 214 million yuan, with a post-investment valuation of 319 million yuan, accounting for 67%.

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